logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

tribal loans - michigan

Date: Wed, 06/06/2012 - 07:45

Submitted by josulo
on Wed, 06/06/2012 - 07:45

Posts: 24 Credits: [Donate]

Total Replies: 4


Just got off phone with MOFI. Per their rep tribal loans are exempt from licensinglaws in the state of Michigan. Does this sound right to you guys? She stated it is a contract. What will happen if I don't pay on these loans? I have stopped all ach withdraws, however because my account is negative due to PDL I cannot close it at this time. Can anyone shed light on this situation


I sent signmyloan.net an email stating that they were not licensed in the state of michigan so the loan was illegal. Offered to pay the remaining balance of the principal ($89) by prepaid debit card in two payments. They sent a response that they would accept those terms. Do I need to do anything else?


lrhall41

Submitted by josulo on Wed, 06/06/2012 - 18:30

( Posts: 24 | Credits: )


the state of CA did not state anywhere that tribal loans are legal.they are just not subject to US law.meaning the lender can't do a thing in a US court.it must be on tribal ground.btw unregistered.vare to post a link to confirm your info.again no state is gonna come out and say these are legal.prove the post.


lrhall41

Submitted by paulmergel on Thu, 06/07/2012 - 07:55

( Posts: 15514 | Credits: )


if they agreed to the principle go for it,but do not put more than the 89.00 in there at one time.


lrhall41

Submitted by paulmergel on Thu, 06/07/2012 - 08:01

( Posts: 15514 | Credits: )